QXO
QXO
October 7, 2026 · market open
- Rarity
- 1.88
- Peak move
- −11.01%
- Float cap
- $7.4B
QXO is North America's largest publicly traded distributor of roofing, waterproofing and complementary building products, selling to contractors and builders across all 50 US states and seven Canadian provinces. Formed around the former Beacon Roofing Supply business, it also distributes insulation, lumber and building materials, and offers building-products software. Led by Brad Jacobs, it pursues a roll-up strategy targeting $50 billion in annual revenue.
Where do you see this going?
no votes yetVoting closed at 4:00 PM ET.
What we found
6 events · 0 from SEC or newswire · 0 timed with the move- Key event
analyst_ratingRBC Capital Markets lowered its price target on QXO to $18 from $27 while maintaining an Outperform rating.
- Key event
peer_disclosureRBC Capital Markets analyst Mike Dahl downgraded Owens Corning and Builders FirstSource to Sector Perform from Outperform, cutting price targets to $127 from $172 and to $62 from $88 respectively, citing housing weakness into 2027, while keeping Outperform on QXO.
institutional_flowMoody National Bank Trust Division increased its QXO stake by 63.4%, buying 99,100 additional shares in the third quarter to hold 255,450 shares worth about $2.99 million.
- Key event
analyst_ratingMelius Research analyst Michael Rehaut initiated coverage of QXO with a Buy rating and a $17 price target, implying roughly 43% upside from the prior close.
commodity_eventCME lumber futures held near $523.50 per 1,000 board feet on Oct 6, 2026, essentially flat on the day but down 8.32% over the past month and 13.11% year on year, with West Fraser and Canfor mill closures cited as supporting prices.
institutional_flowNeville Rodie & Shaw Inc. disclosed a new stake of 470,310 QXO shares valued at approximately $5.498 million, purchased during the third quarter.